Possehl: Purchase of rubber equipment company Pomini

German conglomerate L.Possehl & Co. has acquired the Italy-based plastics and rubber machinery business of multinational engineering company Techint, which trades under the Pomini banner. According to Italian press reports, Possehl will form a new company in Italy, but will retain the Pomini brand.

Production will continue in Italy, in Castellanza, west of Milan. The factory will remain the property of Techint, which has reached a long-term agreement with Possehl on its use for production of continuous and batch mixers, and single- and twin-screw compounding extruders. Pomini equipment is used by both plastics and rubber compounders.

The deal awaits approvals by anti-trust authorities.

Pomini has been making mixing and compounding equipment for close to 60 years, originally as a licensee of US group Bridge Farrel McNeil. Pomini Farrel is a well-known name in the industry, although the two companies cut their ties several years ago.

According to Techint, it is the world’s fourth largest supplier of mixers for the rubber industry, and has sales of around €25m. Possehl, based in Lübeck, has a long history as a metal trader, but more recently it has acquired a substantial interest in the rubber machinery business.

Possehl subsidiary Harburg-Freudenberger, a world leader in tyre production equipment, was formed in 1996 as ThyssenKrupp Elastomertechnik, through the merger of the rubber equipment operations of Werner & Pfliederer (based in Freudenberg) and ThyssenKrupp. Possehl acquired that business, which has sales of around €50m, two years ago.

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